Controlled Release Fertilizers Market to Reach Us$3.92 Bn by 2024 an Excellent 5.6% Cagr over the Period Between 2016 and 2024

Transparency Market

Research

Controlled Release Fertilizers Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2016 - 2024

Published Date

19-April-2016

201 Page Report

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Developing User and Environment-Friendly Products to

Change the Game for Controlled Release Fertilizers, Says

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Controlled Release Fertilizers Market

REPORT DESCRIPTION

Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2016 - 2024

The top four players operating in the global controlled release fertilizers market as of 2015 were Kingenta

Ecological Engineering Group Co., Ltd., Shandong Shikefeng Chemical Industry Co. Ltd., Agrium, Chisso

Corporation. These players collectively held a dominant share of 49.1% in 2015. In the coming years,

companies are expected to develop user-friendly products and technologies that will cater to the ever-changing

consumer needs to remain in the leading positions. Furthermore, companies will also work towards increasing

their production capacities to meet the growing demand for fertilizers across the globe.

According to the research report, the global controlled release fertilizers market will be worth US$3.92 bn by

2024 as compared to US$2.41 bn in 2015, as the market expands at a CAGR of 5.6% between 2016 and

2024.

“This move will make leading players turn towards emerging markets for cheap labor and local manufacturers

to cut down their production costs and optimize their resources,” observes the lead author of this research

report. Additionally, establishing long-term connections with suppliers to raw material for procuring them at

fixed costs will also help manufacturers prevent any disruptions due to price volatility.

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